Stocks Pop-And-Drop After NYPost "Fed Emergency Meeting" Twitter Hack

The NY Post tweeted that "Federal Reserve head Yellen announces bail-in in emergency meeting, rumored negative rate to be set at 4pm EST today," and US equity markets briefly started to rise... followed by a tweet that "The Fed would peg the Dollar to the Swiss Franc" and "Chinese anti-ship missile fired at USS George Washington." Both seemed odd and shortly after, The NY Post had deleted the tweets and explained that it had been hacked...

 

The same tweets were also seen on the Twitter account of the wire service UPI.

 

 

Gotta love these 'efficient' markets.